We were so excited during the house viewing, now we're afraid we might have overlooked something critical. What should we do?
This is when a capable property inspector is invaluable. By including a satisfactory home inspection - conducted by an inspector of your choice - as a condition of your offer, you're taking a wise step.
Experienced inspectors can determine whether there are serious defects with the house that might cause you to reconsider your offer. You should consider tagging along during the inspection: even if the house measures up perfectly, this is a great opportunity to learn more about the place you may soon call home.
Whether you’re buying a new home or a resale home, consider having it inspected by an experienced, professional building inspector. You can ask your lawyer or lender to recommend some good inspectors, and get some quotes. Make sure you get a detailed written assessment of the condition of the property, including heating, plumbing and electrical systems, the roof, foundation, insulation, framing and windows. The report should describe any signs of leaks, rot or faulty workmanship. If your offer is conditional on a satisfactory inspection, you can change or cancel your offer if a fault is discovered.
